I recently heard John Key speak to a gathering of Chamber of Commerce people plus other Dunedin employers (education sector). He was giving us a very positive message about the health of the economy and how it was beginning to grow again. Economic growth was going to be our future and our saviour. More jobs would flow from drilling oil and gas just off our coast. No mention of the greenhouse gas emissions this would ultimately lead to of course.
Here is an article about an alternative to “Growth” which is worth reading: The Benefits of Steady State Economy
from Saturday Morning on Saturday 26 May 2012
Professor of economics and finance at the University of Western Sydney, author of Debunking Economics, and one of a minority of economists to predict the current financial crisis.
Professor Steve Keen comes up with a radical solution to the gobal economic crisis. He targets neo-classical economics which is a consumer oriented economy. He suggests we need to think collectively and socially and abolish debt. We need to bail out people rather than the finance sector (listen from about 30 mins in).